Binjour set for mining boom
A BAUXITE discovery between Gayndah and Mundubbera could lead to the development of a mine employing between 50 and 150 people, depending on the size of the operation.
However, its start-up is at least two years away.
Australian Bauxite chief executive Ian Levy said drilling had uncovered millions of tonnes of bauxite at the Binjour plateau but only parts of the area would be suitable for mining.
“We do know that it’s millions of tonnes and we do know that it will probably be less than 100 million tonnes because of the aerial extent,” he said.
Mr Levy said the company’s ambition was to mine for a decade but “quite often once they get started they go for a very long time”.
He said the discovery was made mid-year and the company wanted to do more drilling as soon as possible.
“This is a new discovery and it is very high quality and it may have benefits to the refiners in Gladstone,” Mr Levy said.
“It may actually be an ideal blend material to lower their costs.
“We have people on the ground mapping to locate the ideal areas to drill and work is still ongoing all the time.
“It’s exciting times in that it’s a fairly well located place – there’s very little human habitation in the area.
He said rail was the preferred transport method for the low-value, large-tonnage business and if the rail line was re-opened it would also benefit the agricultural community.
Mr Levy said he hoped to announce a maiden resource early next year, followed by more drilling.